Buterin Suggest Ether Supply Cap

Vitalik Buterin hasn’t been taking an active part in the monetary policy of Ethereum. However, now he suggests introducing the supply cap for ETH.
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The new idea was published in the recent Ethereum Improvement Proposal (EIP). Buterin wrote:

In order to ensure the economic sustainability of the platform under the widest possible variety of circumstances, and in light of the fact that issuing new coins to proof of work miners is no longer an effective way of promoting an egalitarian coin distribution or any other significant policy goal, I propose that we agree on a hard cap for the total quantity of ETH.

Experts agree that introducing a cap on supply of coins will certainly make Ethereum more appealing to potential investors. Ethereum remains the second coin on the market, but many question its potential as a long-term investment. Adopting the supply limit will help cast those doubts aside and hopefully reverse the downward trend for Ethereum, which suffered more losses in the recent weeks than its closest rivals – Bitcoin and Litecoin.

Ethereum ASICs development is another issue which causes some polarization among the Ethereum enthusiasts. While some want to implement hardfork to make the new miner obsolete, others see no point in the move because of the planned switch to the proof-of-stake algorithm, which itself will make ASICs useless.

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